For its fourth fiscal quarter (ending December 31), Astec Industries Inc. (NASDAQ: ASTE) has reported E.P.S. of $0.65 compared to $-0.04 a year ago. This result fell short of the consensus estimate of $0.67 by $-0.01. For the latest four quarters through December 31, E.P.S. were $1.47 versus $0.00 for the same period a year ago.
Recent Price Action
On 2/28/24, Astec Industries Inc. (NASDAQ: ASTE) stock enjoyed a very large increase of 6.5%, closing at $38.68. Moreover, trading volume in this advance was exceptionally high at 203% of normal. Relative to the market the stock has been weak over the last nine months but has risen 10.9% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, ASTE is expected to continue to be a modest Value Builder.
Astec Industries has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Astec Industries has a neutral Appreciation Score of 54 but a poor Power Rating of 23, producing the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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